RESTON, Va.—ObjectVideo, a provider of intelligent video software, has signed a global, portfolio-wide patent license agreement with Aimetis, a video management systems provider based in Waterloo, Ontario according to a company statement.
Pelco by Schneider announced yesterday that it’s laying off 50 people. In an official statement, the company said the cuts are “part of an overall global Schneider Electric workforce reduction that impacted several regions around the world and multiple locations within the US.”
The company said the layoffs are necessary because of “continued softness in construction, escalating raw material costs, and fragile global markets.” It called layoffs the “last resort,” having first, raised prices, instituted a hiring and travel freeze, and eliminating discretionary spending.
“To help minimize the impact, local company officials have reallocated talent and resources to better serve and support customers, and have reassigned employees to other positions wherever possible. Schneider Electric is making every effort to help those impacted by providing severance packages as well as outplacement.”
CLOVIS, Calif.—Pelco by Schneider Electric officials on June 20 announced that as of July 1, 2011, Sam Belbina, currently VP of Systems Integration for the company’s east region, is taking on a new role leading the Security Center of Excellence (COE) and the Video organization.
CLOVIS, Calif.—Herve Fages has an expanded role globally and at the original Pelco campus here, Pelco by Schneider Electric announced in May.
Fages was named SVP, global product marketing for the Schneider Electric Buildings Business and Site Executive for the Schneider Electric’s campus here, the original Pelco campus.